PR Newswire·May 13, 2026, 4:05 PM ET

STAK Inc. Announces First Half of Fiscal Year 2026 Financial Results

STAK Inc. announced unaudited financial results for the six months ended December 31, 2025, reporting revenues of $19.2 million, a 13.41% year-over-year increase.
Gross profit remained stable at $5.2 million, while gross profit margin decreased to 27.24% from 30.65% due to higher production costs for new vehicles & promotional sales policies.
Net income was $1.8 million, down from $2.0 million in the prior period, resulting in basic & diluted earnings per share of $0.14 compared to $0.20.
Cost of revenues increased by 18.99% to $14.0 million, primarily driven by higher sales volumes of specialized oilfield vehicles.
Total operating expenses rose to $3.1 million, with general & administrative expenses increasing 27.27% due to higher professional fees, while selling & marketing expenses fell 13.76%.
Research & development expenses increased by 2.69% to $1.6 million to support the stage & scale of new equipment development.
Cash & cash equivalents grew to $1.9 million as of December 31, 2025, compared to $1.0 million at the beginning of the period, supported by $0.7 million in net cash provided by operating activities.
The company highlighted continued strategic execution, focusing on innovation, product mix optimization, & international expansion to deliver long-term shareholder value.